September's final Class 8 numbers were "modest," while Classes 5-7 orders were up 18% year-over-year, according to the latest data from ACT Research.
September is typically the second weakest order month of the year for Class 8, so the modest activity was expected, ACT reported. Class 8 orders totaled 19,018 units.
Medium-duty orders came in at 16,745 units.
"On top of lower than expected Class 8 orders, cancellations also spiked in September," said Kenny Vieth, ACT's president and senior analyst. "While low historically, they deviated from the recent trend, rising to 2.3% of backlog. October is usually the top cancellation month, suggesting cancellations are likely to be above the recent trend again next month."
Source:
http://www.trucknews.com/news/class-8-order-activity-modest-in-september-act/1002663788/
